Evonik Acrylics Africa Now a Wholly Owned Evonik Company
Evonik Acrylics Africa (EAA), a specialty plastics manufacturing company within Evonik Industries has announced that it is now a wholly owned Evonik enterprise with no joint venture partners.
Because of the liquidation of Ampa Plastics Group in 2017, Evonik Industries AG acquired the 49 percent of Ampa Plastics Group JV share in Evonik Acrylics Africa. The share purchase is in line with Evonik’s worldwide core market strategy and reaffirms the commitment to strengthening the company’s position as the exclusive manufacturer of PLEXIGLAS® acrylic sheet in the African market, Evonik stated.
“The transition did not have any effect on our customers, since EAA was already firmly in the hands of the Evonik management team. Evonik achieved favorable growth in 2017 and customers benefitted from global manufacturing network structures and short lead times on deliveries,” said Holger Morhart, general manager of Evonik Acrylics Africa. “Being a wholly owned Evonik enterprise adds to our ability to service the market better and secure distribution rights for complimentary products. We are more agile and therefore more responsive to meeting our clients’ needs.”
Additionally, Evonik Acrylics Africa has recently been appointed as a distributor for SABIC specialty shapes. This will reportedly allow EAA to enter the industrial roofing and construction markets as a strong partner with an extensive high performance thermoplastic sheet offering.